TOKYO - Volkswagen overtook Toyota in global vehicle sales for January-June, the first time the German automaker has come out at the top in the intensely competitive tallies.
Australia's sharemarket recovered after being pushed lower by China's renewed stockmarket troubles. Shortly before 1pm (AEST), Australia's S & P/ASX 200 hit positive territory after an early 1.1 per cent intraday fall.
SINGAPORE Oil prices fell towards four-month lows on Tuesday, dropping for a fifth straight session on persistent worries about a global supply glut, while stock market sell-offs on both sides of the Pacific also rattled investor sentiment.
General Motors Co. GM -0.03 % will work with a Chinese auto maker on a $5 billion initiative to overhaul how it creates cars for developing markets, a move that represents the U.S.
A Florida family of professional treasure hunters has struck gold after discovering over $1 million worth of coins and jewelry in a huge Spanish shipwreck from the 18th century, Florida Today reports.